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TX SB1096
TX SB1096Relating to the limitation on increases in the appraised value of a residence homestead for ad valorem taxation.
summary
Introduced
03/05/2021
03/05/2021
In Committee
03/18/2021
03/18/2021
Crossed Over
Passed
Dead
05/31/2021
05/31/2021
Introduced Session
87th Legislature Regular Session
Bill Summary
Relating to the limitation on increases in the appraised value of a residence homestead for ad valorem taxation.
AI Summary
This bill amends the Tax Code to limit increases in the appraised value of a residence homestead for ad valorem (property) taxation. Specifically, it allows an appraisal office to increase the appraised value by no more than 3% if the property is valued at $1 million or less, or 5% if the property is valued at more than $1 million. The bill applies to tax years beginning on or after January 1, 2022, but only if a related constitutional amendment is approved by Texas voters.
Committee Categories
Government Affairs
Sponsors (1)
Last Action
Referred to Local Government (on 03/18/2021)
bill text
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://capitol.texas.gov/BillLookup/History.aspx?LegSess=87R&Bill=SB1096 | 03/06/2021 |
| BillText | https://capitol.texas.gov/tlodocs/87R/billtext/html/SB01096I.htm | 03/06/2021 |
| Bill | https://capitol.texas.gov/tlodocs/87R/billtext/pdf/SB01096I.pdf | 03/06/2021 |
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